sp527

20 ms·

151.
by sp527 4y ago
I think what you're asking is whether money can be destroyed and the answer is yes. For example, if the Fed allows debt instruments it holds to be paid down. What matters, of course, is the relative rate of money creation vs money dest
152.
by sp527 4y ago
> also a multiplier effect in the form of debt created on top of base money
153.
by sp527 4y ago
This is not how money works and I've seen so many people make deeply flawed arguments because they misunderstand it. Money flows continuously and is only at rest when it's held in vehicles like bank accounts, money market funds, a
154.
by sp527 4y ago
This really does read like 'DevOps: Nightmare Edition' > CSP fat fingered and deleted our entire cluster when trying to replenish our buffer nodes Yikes
155.
by sp527 4y ago
Relatedly, this is also a big reason why I personally struggle to work at large tech companies. The velocity just isn't there because you have to be more thoughtful before you act - the environment is less conducive to quick action a
156.
by sp527 4y ago
Your friends have ME/CFS. H1N1 was a precipitating factor that triggered it, but it's no longer relevant to the perpetuation of the illness. If they want help from the traditional medical system, then Mayo's Chronic Fatigue C
157.
by sp527 4y ago
At this point, you’re just betting that structural reform to NIMBYism won’t happen. If zoning rules change, the market is toast. And political pressure to reform zoning is only going to keep building.
158.
by sp527 4y ago
There’s something about this that smells like “anyone can now operate a bank without a charter or being subjected to regulatory oversight” that’s maximally distressing and I think it’s incumbent upon the founders to clarify their intent. A
159.
by sp527 4y ago
Charging you when you’re not using it is literally what makes the business model work. There’s a certain level of average utilization that, if achieved, would sink the business.
160.
by sp527 5y ago
Not even once in my life have I heard the argument that markets are inherently moral.
161.
by sp527 5y ago
No they’ll just more heavily weight exams in the final grade. And not doing psets will screw you over in many if not most STEM courses. They’re often essential preparation for exams.
162.
by sp527 5y ago
Hey I saw your comment on another thread about CFS (couldn’t reply there) and was wondering if you could elaborate further on interventions you’ve tried, particularly for exercise. I’m not sure I have CFS, but I do seem to at least have a s
163.
by sp527 5y ago
Mildly facetious but you might have a tough time getting a computer with that configuration to do anything at all. For instance, consuming even a modicum of energy that might otherwise be diverted to a human in dire need might be rationally
164.
by sp527 5y ago
> their CEO/head engineer is a buffoon and they have a history of screwing people with regard to equity compensation. It's not a complicated explanation at all. This is the first time I’ve heard something negative about Huffman
165.
by sp527 5y ago
This is just phase one. The real money will get made when they start artificially constraining housing stock. In my area (central NJ), the big player is Berkshire.
166.
by sp527 6y ago
I think the inhibitor to scale is actually model compression. You’re right that scaling up 1Mx won’t cut it. That’s because fidelity is still too high. We already know the brain is a very efficient machine for storing heuristics and compres
167.
by sp527 6y ago
Hoo boy is this bad advice. There’s lots of die hard pure technical minds out there who would benefit from being even incrementally more cognizant of the softer aspects of the technology business. Value = build + persuade Anyone focusing on
168.
by sp527 6y ago
This is an incomplete understanding of iOS. You can hardware ban an iPhone by flipping an app-reserved bit.
169.
by sp527 6y ago
It’s so odd to see a presumably very intelligent person believe that we can legislate a solution to this problem. Maybe mandated physical security for all judges (which is how it’s done in may other countries)? But Daniel’s Law just introdu
170.
by sp527 6y ago
It’s just a matter of time before they come after code push. We’re all going to regret being serfs cowed by the Apple hegemony.
171.
by sp527 6y ago
The Democratic Party supports policies that privilege minorities over White people or are even outright racially discriminatory, such as affirmative action. Affirmative action strives to achieve top down equal results at the expense of priv
172.
by sp527 6y ago
This is the sort of flawed analysis that has likely plagued Democratic strategists and resulted in the party being so needlessly impotent over the past few decades. It doesn’t account for the (problematic) winner-take-all mechanics of the e
173.
by sp527 6y ago
Democrats can only win at the margin of the electoral college. That margin is not progressive. The coastal Democratic strongholds are always going to vote blue. It makes absolutely no sense to adopt their platform. Political game theory f
174.
by sp527 6y ago
Strongly agree. Just started reading it myself. One note for people picking it up: the English translation for ‘The Last Wish’ is not great but, if you power through it, all the remaining books are fantastic.
175.
by sp527 6y ago
If you’ve been working since the 90s and are only making $200k/yr in tech (less than the total compensation of some new grads going into FAANG), then you’re actually a case study on behalf of the value of a (good) CS degree.
176.
by sp527 6y ago
I’d argue it’s not bad at all. It very cleanly aligns incentives in a way that benefits both sides. Another way to look at it is that there’s an “implied commission”, paid in the form of a perhaps slightly inflated purchase price, that larg
177.
by sp527 6y ago
Exactly this. They’re basically signaling financial distress somewhere else on their balance sheet (one could make an educated guess about where). Arm is a significant growth business and the decision to part with it wouldn’t be taken light
178.
by sp527 6y ago
This is utterly amazing. He just blew up his company with one horrible decision. It’s over. The people they rely on (talented software engineers) are almost all one or two degrees away from HN. They’ll never trust TripleByte again. I expect
179.
by sp527 6y ago
Each of those companies solved hard tech problems to scale and also only managed to achieve that scale because of venture capital subsidization (prior to monetization). They also benefited from major human capital involvement. Looked at the
180.
by sp527 6y ago
The ‘wannabe philosopher to wannabe entrepreneur’ line in the Gradle resume was incredibly cringey. I suspect the author has a very poor understanding of how best to sell himself and this also at least somewhat explains his results (in addi

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